Sounds like the insider pooh-bahs are circling the wagons (er...ships) for an extended period. There may well be a short period of "cheap fares" or "teasers" at some point but I wouldn't count on it..Something has to pay that debt.....new ships??? drydocks other than emergencies?? Refurbs?? suuuure...
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Contributor Level:
Cruise Director
CCL BORROWS ANOTHER 1.5 BILLION TO STAY AFLOAT...
6 Answers
Contributor Level:
First Mate
It is still evolving. What the end result is is anyone's guess at this moment
Contributor Level:
Second Mate
Just curious do you have a link to this info?
Contributor Level:
Admiral
Something about this sounds familiar?! "The bigger they are the harder they fall". Personally, I hope it all works out and cruising returns for everyone to enjoy.
Contributor Level:
Staff Captain
Well we were saying that the industry was growing quite large and there were questions about having too much capacity ... I guess we can consider this a market adjustment .....
Contributor Level:
Captain
Its going to be a tough recovery - the longer they stay idle, the more cash they burn through. Pulmanar (RCL company), has put 3 ships in dry storage and moved crew contracts to Celebrity. Going to see more contraction in this industry. Most likely smaller fleets will emerge.
Contributor Level:
Captain
Not looking good for cruise lines 